NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of WageWorks, Inc. (“WageWorks” or the “Company”) (NYSE: WAGE) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for amending and restating the 2010 Equity Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 1, 2013, the Board of Directors recommends that WageWorks’ shareholders vote to amend and restate the 2010 Equity Incentive Plan to add 1,000,000 shares reserved thereunder. The Proxy Statement also recommends that shareholders vote to approve the Company’s Executive Bonus Plan.
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